REG - Serica Energy PLC - Completion of New 6-year Borrowing Facility

Serica EnergyAnnouncement

23/01/2024 07:00

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RNS Number : 5095A  Serica Energy PLC  23 January 2024

Serica Energy plc

("Serica" or the "Company")

Completion of New US$525 million 6-year Borrowing Facility

London, 23 January 2024 - further to its announcement on 18 December 2023,
Serica Energy plc (AIM: SQZ) is pleased to announce the completion of its new
reserves-based lending ("RBL") facility following satisfaction of the
conditions precedent.

 

 

 

Enquiries:

 

 Serica Energy plc                                                             +44 (0)20 7390 0230
 Mitch Flegg (CEO) / Andy Bell (CFO) / Stephen Lambert (VP Legal and External
 Relations)

 Peel Hunt (Nomad & Joint Broker)                                              +44 (0)20 7418 8900
 Richard Crichton / David McKeown / Georgia Langoulant

 Jefferies (Joint Broker)                                                      +44 (0)20 7029 8000
 Sam Barnett / Will Soutar

 Vigo Consulting (PR Advisor)                                                  +44 (0)20 7390 0230
 Patrick d'Ancona / Finlay Thomson                                             serica@vigoconsulting.com

 

 

NOTES TO EDITORS

Serica Energy is a British independent oil and gas exploration and production
company with a portfolio of UKCS assets.

Serica has a balance of gas and oil production. The Company is responsible for
about 5% of the natural gas produced in the UK, a key element in the UK's
energy transition.

Serica's producing assets are focused around two main hubs: the Bruce, Keith
and Rhum fields in the UK Northern North Sea, which it operates, and a mix of
operated and non-operated fields tied back to the Triton FPSO. Serica also has
operated interests in the producing Columbus (UK Central North Sea) and
Orlando (UK Northern North Sea) fields and a non-operated interest in the
producing Erskine field in the UK Central North Sea.

Serica's portfolio of assets includes several organic investment opportunities
which are currently being pursued or are under consideration.

Further information on the Company can be found at www.serica-energy.com
(http://www.serica-energy.com) . The Company's shares are traded on the AIM
market of the London Stock Exchange under the ticker SQZ and the Company is a
designated foreign issuer on the TSX. To receive Company news releases via
email, please subscribe via the Company website.

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